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a european government is he seizing the private welt alth of citizens. but it has. we've had two terrific weeks and a pullback on friday, but two terrific weeks that took the dow to 14,500. we're expect the market will come down in the first minutes of business today. down maybe 80, 90 points because of the cyprus situation. whoever thought that we'd be sitting here seeing an obscure island in the mediterranean affect our money so sharply. opening trend is indeed down. here we go, they're opening up the stocks and the dow is now down 48, 50 points, 14,400 we're back to now. and get to individual stocks, three big names and now them, apple, blackberry, boeing, all went up last week and i want to start with apple. according to a new analyst survey, apple set to raise its dividend by maybe more than 50%. it doesn't make any difference, it's down two bucks this morning. now, our partners in all things digital reporting that the blackberry chief told an australia newspaper that the iphone is past its prime. it doesn't make any difference, blackberry is down this morning and boeing's rival airb
and will reveal his plans for future public service to us in just a few moments. >>> and government payroll has dropped 37,000 since the recession bottom, but private jobs have rocked 5.2 million higher. as i've said many times, lower spending and limited government, including government jobs, is good for the private economy. that is the real engine of the economic prosperity. >>> plus the supreme court this week will hear two important cases concerning same sex marriage. shouldn't the black robe masters leave the important social decisions to the states and their democratically elected legislatures or referenda? let the people decide. "the kudlow report" begins right now. >>> first up, in recent weeks, he's become a conservative super hero icon. that following his triumphant speeches at the national prayer service and the cpac political conference. dr. ben carson has a message to roll back obama care, deal with the crushing national debt, and even a bib llically based call r a flat tax. that's what i love. is he the conservative that can save the gop? here is the aforementioned dr. ben carson.
with his signature. these are democrats. this is their idea of government. everybody in the country needs to be paying attention to what the democrats and in some cases a handful of republicans are doing. at a time when we should be talking about transparency on the issues of our time. we are simply being brushed aside by imerious and elitist government. just a few days later, lawmakers admitted they were adopting law enforcement officers. imagine not. a month later they said they wanted to use banned assault weapons. earlier this week, governor cuomo admitted that he had to amend the law. because it bans the sale of this. they didn't even think about that. the idiocy of the whole process is astounding. new report out today saying that governor cuomo is trying to lure the "tonight show" back to manhattan. that is right, nbc with three shows is trying to, well, basically dump the host of one of their three winning shows. ese are brilliant people. right and to get the show back to manhattan providing 30 percent tax break if it decides to leave to caper but it is no secret that cuomo likes h
not like the government isn't assigned to monitor this. >> in 2007 the cdc found these smaller companies have less stringent regulations and lower quality control. there is no doubt this is a major problem that has to be addressed. gerri: you are right in the middle of this. >> i try not to take medications from the smaller pharmaceutical companies, or try to find out where they are coming from and i refuse medication for my compounding company and wait until we can get it from a major company. pity they should be required to get involved and take a load off of some of these companies with less stringent requirements. gerri: i used to be more popular, now they are less popular, growing yet again. now we have 17 state laws making their way through state legislatures to answer to this question, but that can take a long time. what do you recommend consumers to do right now? >> they have to basically check with their doctors, check whether hospitals and see if they can checkout. start raising the questions now. gerri: thank you for coming on. i appreciate your time, thank you. you are used t
-fulfilling prophesy. keep buying on the dip. >> there's one other entity that makes it happen and our government is trying to make it happen. the wealth factor, winning to buy, a lot of bonds every month and those situations, make it a self-fulfilling prophesy and keep driving the market higher and higher. charles: and today the fed gets together and i guess the assumption the printing keeps going? >> no question about it. a market and economy dependent, i guess, but absolutely, they're going to keep printing until they feel they don't have to anymore which is probably a long time away from now. charles: buying the dips, thanks a lot, larry. that's by the way the opening bell, and the markets are ringing, the futures have been up all morning long and let's check the big board. dow up 29 points and ticking away. and the market is up and fedex we talk about that being something of a proxy for the economy. and they reported the numbers this morning and the profits were lower, and maybe people are buying or not shipping as much of the certainly we want to find out what's going on. let's go to nicole
's the whole issue of governing, management of the vatican and that's going to keep him very busy, indeed. >> yeah. just an immense amount of work that needs to be done. >> big job ahead of him. ben wedeman. there was one person who definitely did not want francis to become pope. >> someone rather close to him, knows him very well. the former argentine cardinal, we are talking about his sister, maria. take a listen to what she said. >>. >> translator: i pray that he wouldn't get elected. during the conclave, i was praying that the holy spirit would intervene and not listen to my prayers. and it didn't listen to me. >> translator: it didn't listen to you? >> no, it did as it pleased. >> she's very happy for her brother and it's quite likely her life will change, too. you can imagine the media folks hounding her. >> we're not going to leave her alone. >> forget about it. >> want to get back to a top story. financial crisis brewing in europe. cyprus needing a bailout. the country's parliament ready to vote on a plan that includes one-time tax on most of the country's bank accounts. >> contro
pressure being exerted by the u.s. on the iraqi government to halt that type of aid, just as the supporters of the opposition, including saudi arabia, turkey and qatar are reportedly sending more weapons and money to the rebels. chris? >> ayman, thank you. more than 70,000 dead since the start of the conflict. remarkable. thanks for your reporting. >>> and for more on the secretary's middle east trip, i'm joined by nbc's chief foreign affairs correspondent, andrea mitchell, traveling with secretary kerry and was able to give us this report by phone from afghanistan. >> reporter: chris, this is secretary kerry's sixth trip to afghanistan in the last couple years. but his first as secretary. and he's got a good relationship with hamid karzai, the very eccentric president of afghanistan. and this is a mission here. the question is, is he going to play good cop or bad cop today. given the fact that karzai was so difficult the last time he visited with a top american, which was chuck hagel, of course, defense secretary. kerry has such a good relationship, he's going to try to smooth things over.
's a holiday here on monday. that would give the government five more days to either get money out of russia or come up with some other way to solve the math here. remember when the end game is. this country asked for 17 billion euros from other european countries and they said we're not going to give you that much. we'll only give you 10 billion euros. we'll help you out with recapitalizing the banks but you guys have to come up with nearly 6 billion on your own and really the only place to get it is in deposits. we saw the parliament reject that last night. here's the one piece of insight that i can give you since being on the ground here. overseas everyone was aghast that would try to tax insured deposits. the vast majority of the cypriots we talk to are aghast at the concept of taxing any deposits even the wealthy. they see it as an attack on the business model of the country. and they don't want that to happen. where do you come up with the money is the question? guys, back to you. >> so many different angles as we go on. they'll take an american credit card. you're using credit cards a
threat that the u.s. government could come after our private bank deposits? yes, i do. they may not confiscate it as cyprus tried to do however there are plenty of ways to get at it. taxes, you're forced to invest in government securities and under the guise of the financial systems, yes, it's a valid concern and the bank defenders will not acknowledge it u and we've got the dow up 39, 40 points at the moment, a shrug from the stock market at the moment. >> yes, it is. stuart: you think this has no impact on the stock market, more on gold and banking stocks, you think? >> i think so, again, what it does, it calls into question the integrity of the financial community and that's what central bankers and legislators fear most. it's not the markets themselves, it's fear of the market and fear of stability because that is what drives confidence and one thing that bernanke can't afford to lose right now. stuart: here is what i think might happen. a no vote, the russians step in, europe says we can't have russia, and they step in. >> i think a power play and progression of events, but
model, government subsidized haircuts shaves and shine will be a thing of the past and you the taxpayer will no longer foot the bill for the grooming of your senators. the american taxpayers have forked over 5.25 million dollars for, yes, senate hair care. pretty unbelievable, or maybe not. because we do know how important the perfect haircut is well, to certain senators. remember john edwards? remember this? ♪ i feel pretty, oh so pretty ♪ ♪ i feel pretty and witty and bright ♪ ♪ >> oh, what a classic. that's all the time we have left this evening. as always, thank you for being with us. let not your heart be troubled, the news continues. greta is next and see you back here tomorrow night. greta, take it away. >> greta: this is a fox news alert. an 8th marine has died after a mortar shell explosion during a training accident in nevada. several marines were also hurt in the desert warfare training and new outrage over senator harry reid's remarks and is he playing politics with the giant tragedy? >> late last night, seven of our marines were killed and many others were injure
. trying to come to terms on keeping the government running. they want to get out of town. connell: one of berkshire hathaway's is here with us. dagen: twitter. seven years old today. happy birthday. connell: happy birthday, twitter. we have the money story behind the games and how it is torn apart. those stories and a whole lot more coming up on "markets now." ♪ dagen: it would also be one of the most famous racecar drivers birthdays of all time. it is top of the hour. nicole petallides is on the floor of the new york stock exchange. nicole: i have to tell you, the markets are pulling back. we hit a record all-time high on the dow jones industrials. only to see us pulling back today once again. the dollar remained higher today. the nasdaq remains down .8%. the dow and s&p are down about .5%. yesterday, we saw a broad-based gains. most of the names were higher. today, we are seeing much of the same. it is the other way around. most of the dow components are lower. ibm, hewlett-packard, intel, a lot of the attack names are leading the way to the downside. connell: going to breaking new
of a compromise before the deadline march 27 to avoid having a government shutdown. dagen: rich edson with the latest. rich: a number of different budget pieces coming into play on capitol hill. congress has to pass a spending measure a week from today. if they don't do that, the government shuts down. we can expect perhaps maybe by this evening the senate will do that and send that back over to the house. congress is set to go to congress next week so they have to get this done to avoid the government shutdown. the house has a budget, the senate has one, the fiscal year starts on october 1 to the ideas the house and senate will pass their budget in the next coming weeks and perhaps in the next coming years we could actually have a budget conference. negotiating one entire budget for the federal government was still working on the same old partisan divide. >> we are all concerned about the impact of the budget cuts. they are senseless and they are ridiculous, we should do away with them. >> the plan we're seeing from the democratic leadership is a failed plan for america. it does not
, allowing the government to have power to impose capital controls on the big banks. while worried residents are lining up at atms. joining e now to help me with these developments is leadership for euro pacific capital. let me just start off the bat and ask you, the country has agreed to this solidarity funds. but i can't quite tell if this is the solution that the eu wants. could make good on the threat to kick out cypress? >> anything is possible. you know, i think the outrage over this deposit tax is about the honesty of the approach. if you think about it, citizens around the world suffer from that tax. in the united states, how long have we d 0 #% interest rates in the united states? how much money have savers lost who keep money in the bank because they have not received interest on depositsall these ars? what about prices? because the federal reserve does quantitative easing, food prices go up, gas prices up, and deposits lose value. at least with the tax in cypress, it was more honest. the government up front saying we're going to take your money. we're doing it secretly, and i thin
, you're buying a bet that is secure, as we saw the government took some of that away in the financial crisis here in the u.s., the backdrop of our racing a little? >> it certainly shows up in the various qualitative measures that are in here when you ask about how secure is the credit structure, shows up in those measures and the u.s. dropped. david: finally, i assume if they eventually go ahead and confiscate the bank deposits we would at least be above them, am i correct? >> we would be above them, they would drop substantially. david: great to see you, regulations on the report. lauren: sometimes the road to opportunity takes you through other countries. up next, focusing even deeper into the emerging market and the publicly traded companies that stand to make money off of them, money you could be making. stay with us. investor. yeah, i'm a serious investor but i'm busy guy. it used to be easier but now there are more choices than ever. i want to know exactly wh i am investing in. i want to know exactly how much i'm paying. i want to use the same uff the big guys use. find out why
that was filled with explosives in his room. bill: washington getting ready for a possible government shutdown about a week from now? will that happen? the obama administration warning lawmakers it might have to cancel the annual easter egg roll on the first of april. that event happens every year. expected to draw ten of thousands to the white house set for april 1st, just a few days after the could run out of money. white house is saying finally by using these tickets guests are acknowledging this is subject to cancellation due to funding uncertainty surrounding the executive office of the president and other federal agencies. if canceled the event will not be scheduled. we'll notify you if there are any modifications of the event. that bass part of the fine print given to members of congress when the invites went out. invites to bob beckel, former campaign manager co-host of "the five." brad blakeman, deputy campaign manager of president george w. bush. good morning to you. who wants to be peter cottontail here? brad, do you want to raise for your hand for that or is that better suted for b
the deadline for cyprus. one spokesman for the cypriot government saying the next few hours will determine the future of his country. a couple of consumer reads, popping pre-market on quarterly result the company had in january and nike ends an eight-quarter streak delivering a quarter and the top expectations and shares soaring this morning. for all of you who have been waiting for the z10. the day has come. blackberry available in stores and we'll check in on a store to see how demand is shaping up. >> indexes looking to bounce back after posting their biggest losses in three weeks. wall street keeping a close eye on cyprus where officials are working on another plan to secure the bailout. thises as the mediterranean nation is facing an ultimatum by the central bank. face losing emergency funds for cyprus' banks. this morning the cypriot government spokesman said the next few hours will determine the future of the country. cyprus' finance minister has returned from russia after two days of unsuccessful talks there to reach some sort of funding deal. so that story goes on and it will play
next on cyprus. erin david is "morningstar"'s expert on international banks on the government's attempt to break into individual bank accounts. coming next she tell us the banks to stay away from who are exposed in this whole thing and whether or not it could ever happen here. sandra: and later this hour, we turn our eyes to fashion and the publicly-traded retail tears that mike -- retailers that might make a good fit for your portfolio. ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. david: europe was hit by a financial earthquake with the news cyprus was set to confiscate 10% of all bank profit deposits for a bailout. taking income already earned and taxed seems to cross a line only hinted at by wealth taxes in the past. could we see the co
, the hard work of actually governing this church begins. it's the transition from style to substance. that's going to be the story going forward. >> hmm, interesting. all right, let's talk about going forward a little bit as we enter what is the most holy kind of year in the catholic church, the season of easter. outside of the pomp and circumstance, as we head into this time, what happens with what the pope does next? >> well, obviously the preparations now for holy week, he's learning to do what he's been doing as a priest for many years. he was or tained a priest in 1969, so celebrating mass for holy week is not new to him. celebrating it as pope is huge. i'm sure there's a lot of last-minute preparations as all of his assistants who coordinate those things are trying to learn his preferences. and we're seeing a lot of those kinds of things. we talked earlier about the fact that his -- his worth has been rather general and painting with broad brush strokes. so we're right now reading symbols. we're looking at his vesture and the things he's choosing to do. >> what that could mean. >> ho
the relationship with israel, with its government in particular so that john kerry can come in and with new ideas and be received, better than some of obama's first-term ideas were received. so there is a point to this trip, but it's a building block trip. >>> jeff goldberg, thank you very much, as always. >> thank you. >>> and up next, in our "daily fix" who killed the senate assault weapons ban. >>> plus mark sanford survives round 1 in south carolina, and why is bill clinton getting involved in the kentucky democratic senate race against ashley judd? send me your thoughts on facebook and twitter. this is "andrea mitchell reports" live in israel, only on msnbc. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes t
jeopardy doesn't apply there. so if that happens, then the italian government would have to push the u.s. government to get amanda knox and i do ited, and that's a long shot. one, because of what you just mentioned. in this country would do not have double jeopardy. so as far also the u.s. is concerned chev is free, and two, as a rule, we do not industry do it american citizens to other countries. they would try her in absentia and if she was convicted again, she would clearly have to avoid italy for the rest of her life. the old boyfriend? he is in italy so he would be tried again. the knox family says once the ruling comes down they may or may not issue a statement. if they did, it likely wouldn't come until tomorrow. >> shepard: an bremner is with us, she is a spokesman for the group, friends of amanda knox. this is something they had been expecting. but it is a little weird to an american audience to hear a court can overturn an acquit cal. >> double jeopardy is our mainstay of our constitution and rights. so amanda knox acquitted on a denovo appeal. the case was tried once. with i
was the federal government is pushing out a new system that's completely automated for the emergency alert system, and that equipment is poorly secured. everyone thought it's no big deal. it's inside the station's network. who is going to get in there? that's the problem. we have to assume the attackers are in the network persistly, and we have to take the critical assets, treat them as the crown jewel, and be smart and stop thinking about fire walls and protecting our outer layer. gerri: doing it the wrong way, you say. thhy sent out fake alerts, which, to me, is squarey because you rely on that emergency alert system to keep you safe. >> yeah, and if we have false alarms on those systems, then people don't pay attention to the real alarms. it's a real problem going back to the issue of we got to stop thinking fire walls and antivirus. the bad guys are in the networks. what are we going to do strategically? differently? a ground changer to be proactive rather than reactive when it comes to protecting our critical infrastructure and our information assets. >> phyllis, you're -- your company is ve
oppressive and demonizing to african-americans and women that the federal government should supersede that. >> so nancy, what states and voters can do, voters have turned back amendments every time they have an opportunity to. >> well, sure. they have. but we have to think about in north dakota the six-week ban is not put to the voters. that's something the north dakota legislature put there and is on the the desk. and this is what the supreme court said looking at the issue. these decisions about your most personal life, these decisions about treated dignity in making, this is not for the same of north dakota or mississippi to vote away. i mean, the court said it is the promise of our constitutional that there's an area of life that the government may not enter. and decision about women's body and held and the numbers facing children are part of the decision. sfl and this always feels shocking to me when i hear it from republicans. you want the state out. so why do you suddenly want it in? wii going to stay on this top iblg when we get back. after the break we'll add a couple more voices
with their own sell order what's going on. housing is a big part of the economy but so is government spending. i think government spending is really being ratcheted back here. that's going to be a major focus in the month of april. we'll hear endlessly about government spending coming down. >> the note on oracle this morning, this shows incremental softness in i.t. spending environment. that's weighing on all tech names. ibm is down 1.25%. that's a huge weight on s&p 500 at this hour. a lots of them we are watching in the tech sector. s.a.p. down 2.5%. crm down 1%. it is taking everything down at this point. >> oracle was bad. can't mince words about it. >> was oracle being bad a sign of what's bad in overall tech spending or was oracle bad more of a sign of what's bad at oracle? or both? >> it is a big government provider. dell is, too. that's hurt dell. this was sloppy execution. deliver, deliver, deliver. are they losing share in the cloud? clearly. they won too many nine-figure deals. at the same time the market says i want to buy that weakness. why is lululemon up? they want to buy that wea
the relationship between the members of this troika and whether this body can continue to govern these bailouts going forward. so it includes the imf led by christine legarde, ollie rehn and the relationship between the banks. the relationships looked extremely tense last night, but on their way out, they tried to assure us that there is actually no problem. here is what christine legarde had to say about it. >> would you tell us about the future of the troika with regards to future bailout? >> the troika is doing fine. actually, there are two of us. we're doing okay. thank you very much. >> so, you know, an attempt to look friendly, that was two out of the three representatives. we didn't see mario draghi, although he was present for these deliberations. so at a time when the eurozone has an economy that's extremely weak, where we've just learned that if anything the downturn is accelerating, that the austerity measures haven't succeeded in turning this country around and that there still is no uniform way here of dealing with the failure of these banks or frankly with sovereign bailouts going
of the president is he seems more interested in the trappings and fun stuff than the governance, which was the job he was hired to do. he has an enormous amount of power. we pay him to do the job. you can say the project process is not sexy or exciting. >> neil: i built a career on it. >> now we're going back and forth. the fact is this is what you law says. he should abide by that. >> neil: well-spoken. thank you very much. i was kidding you about your favorite days but i'm worried. >>> fair and balanced. new york democratic congressman charly wrangle doesn't agree with a thing he said, which is okay. >> listen, only if you're fair and equal. forget the brackets. i'm here for the budget. >> he's late. it's routine policy in washington for things to be late. i guess we get used to this. but should we? >> well, let me make it clear that once the budget is passed, it has no meaning at all in the law. and so that there's no compulsion for anyone to do anything if, and i hope soon, there's agreement to the budget. a budget is really a statement of policy of the party. and hopefully in the future, we w
. that's a big problem. government should not insure bank deposits. it's a tremendous moral hazard. one of the main reasons the banks make reckless loans. depositors don't care what the banks do with their money because the government's there. >> that's one of the guardrails to oversee these banks. >> but we don't need it. we didn't always have it. and there are other nations that don't have any deposit insurance and their banking system is much sounder than ours. >> they're asking depositors to pay for the bailout. >> no, no, no, no. there are no bailouts in those country. the countries that don't have deposit insurance have a healthier banking system. because we have this deposit insurance, american depositors don't care how reckless their banks are. the banks don't care because the depositors don't care. it's a terrible system. eventually it's going to implode. people who have money on deposit in u.s. banks are going to take huge losses one way or another. either they're going to lose their deposits, or their deposits are going to lose value because of all the inflation that's going
's what he's doing. he's like a federal government official. not watch what he says but what he's doing. that's why i love the guy. look at him he can't stop smiling. neither can you. you're both great. thank you so much. now folks, a busy day and night on capitol hill. the senate is busy voting on amendment after amendment in their budget bill. we got two distinguished senators about to join us give us their take and later on the show why can't police departments get any ammunition while the department of homeland security has bought up 1.6 billion rounds in the past year. there's no ammo for handdowns, shot guns, rifles, for training. what's up with this or is the dhs in a form of gun control that the congress can't legislate? folks don't forget free market capitalism is the best path to prosperity. stanford university stopped its course. we'll hammer them for it later in the show. i'm larry kudlow. please stay with us. zap technology. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'l
proof of chemical weapons being used by the government in syria. so i think the two actually see eye-to-eye on that. i think the big problem really has been iran. they don't -- the u.s. and israel don't see eye-to-eye, but they have each other's back. i think that's kind of, you know, the best way to put it. it is -- it has long been the u.s.'s strongest ally in the middle east. and the u.s. has been israel's biggest friend. that doesn't mean that there haven't been a lot of bumps along the road. and there have been again particularly for these two men and it's been around iran. i know one of the reasons that the president took this trip and one of the things he wants to emphasize here is to assure the israelis, not just benjamin netanyahu, but the israelis at large that the u.s. will not let iran acquire a nuclear weapon. there's still probably going to be a difference of opinion about when one might say, hey, too late, we've got to move. nonetheless it's important that they have the same goals. they don't always see eye-to-eye on how to get there. >> candy crowley, host of "state o
investing. stuart: a government spokesman said this, the next few hours will determine the future of the country. it may be affecting our stock market yet, but it is high desk in a rare. the parliament will have to say yes or no one some very basic issues. will the government seize russian mob money to nationalize private pension plans, let's check cashing and withdrawals. already they have to pay cash for guess where they can find it. to be sure to my credit cards usually do the work, and long lines of the very few atms that work. will the people with their backs against the wall except the sudden and very sharp drop in there standard of living? the small island where politicians are known personally , will they vote to take their money off. a very fluid situation that could go either way. ♪ as we said, the markets at this moment did not seem to care about cyprus. look at this. the dow was up to seven points. 14478. the price of gold. one would have expected gold to go up, but it down six box. why isn't told going straight up? >> i'm just not sure, although we have to put it pr
, but the key question for cypress now, given that this is a brand new government, they've only been in town for three weeks and they made an ex politicsit promise that they wouldn't hit depositors, that's going to be the key issue. can they pass it through parliament? carolin roth is the best person to speak to you about that. >> julia, thank you so much for that. everyone here in cyprus is anxiously waiting for that vote on a very controversial bailout deal. now, i should mention that at this point, the ruling party under the president does not have a clear majority in parliament to be able to push through that controversial vote because press reports are indicating that up to three parties could be voting against that bailout deal because of that deposit tax component. now, the president is currently meeting with the leaders of the political parties. of course, what he's trying to do is to strong arm and to persuade them into voting for that deal because the other alternative, yes, that is bankruptcy for this country, which has only 1 million people and only makes up 0.2% of the entire eu
the consumer. >> we're cautious. we're scared of how the government keeps putting money in people's market. the government trumped 2.4 million jobs and they didn't talk about the 1.9 million people on food stamps and snap program. so we're just very, very cautious. >> you're a new york, l.a. california guy. >> i'm not sure where this is going. >> you're not drinking the kool-aid on the big government? >> no. >> steve, thank you for being here. >> it's been a lot of fun. >> thank you. make sure you join us tomorrow. "squawk on the street" begins right now. ♪ ♪ ♪ >>> good wednesday morning. welcome to "squawk on the street." i'm melissa lee with jim kramer and scott wapner. carl quintanilla and david faber have the week off. let's take a look at how we are setting up in the united states. we are looking at a strong open higher and the dow up at 79 points and yesterday we did see signs of life and the dow surging late in the session and the dow looking to snap that three-day losing streak. as for europe, both stocks and the euro seeing some relief. we do have a bounce here, a nice one,
partitioned out the amount of money that you were supposed to be giveing to the government each though there hasn't been a vote in parliament. why did cypress need a bailout? its banks are bust. the reason the banks in sicypru they bet the greek debt would not be restructured but it was. that's left a lot of them insolvent. the banks in cyprus are huge, eight times the size of the economy. consider that here in the united states. our banking system is roughly one-time the size of our economy. what we're waiting to see next are they going to get this through parliament and get it done? it is so controversial they're trying to find out different ways to make it less controversial. impose the tax on larger shareholders to a much greater degree. it was originally 9.9% and you go to 12%. if you didn't want to tax the small guys at all you'd have to go to 15% or 16%. this is the scene when the president walked into the palace headquarters. there were people there with no written on their hand and this says merkel stole our money. keep in mind, european union will still give them 10 billion e
by the government grinch? the easter bunny, a victim of sequestration? well, nothing is definitely yet, but guests have been warned. politico go this explanation from a white house official. "because we distribute tickets to the easter egg roll far in advance, we alerted all ticket holders that this event is subject to cancelation, due to funding uncertainty, including the possibility of a government shutdown. however, we are currently proceeding as planned with the easter egg roll." republicans are doubtful. newt gingrich shared his outrage on twitter. shaleless! how else can you describe the threat to cancel white house easter egg hunt? maybe ma lettic, demagoguic. you try to fin the right words." we'll try to describe it at the bottom hour. >>> voters in south carolina heading to the polls for today's primary to choose the next house representative. one of those candidates just happens to be stephen colbert's sister, her name is elizabeth colbert bush. yes, she pronounces her name differently. in a rare interview, we see the serious side of stephen colbert. he sat down with jake tapper, host of
and we are waiting for a statement now from the government in cyprus. events have been moving very, very quickly on the ground this morning. the finance minister had flown to moscow to wait it out for a negotiation on some form of the deal. but he's since flown back to cyprus this morning empty handed. all he managed to secure was the extension of an existing loan. the onus is now very much on the europeans and what they'll come up with. russian visitors were not interested into buying into the gas reserves. we are now waiting to see what they would come up with a plan to restructure the bank. but this discussion has been delayed and it feels as though this may have happened, some of the europeans, particularly the german webs they had been in this situation saying that they wanted to see out of any proposals, debt sustainability and also bank restructuring. this sustainability has been key because if the cypriots requested any form of a new loan, this would add to the debt burden that they had. the question has always been since the cypriots rejected that tax, how they plug this gap on
own missile defense system. a top chinese government spokesman telling the chinese media, quote, all measures seeking to increase military capacities will only intensify antagonism and will not help solve the problem. retired major general bob scales served five years in korea over his time in the military, that spans about three decades. that is him on the right there. he commanded artillery battalion that helped protect a key area along the dmz where we still have tens of thousands of troops. he joins us now. general, every time you're on we learn a little something extra about your service. nice to have you with us here today. >> thanks, jenna. jenna: geography can tell you something. being on the ground can influence your perspective on types of international issues. tell us how your time impacts what you see north korea is doing now and china's comments as well? >> well i spent most of my time actually serving on the dmz as in various capacities, assistant division commander, battalion commander and war planner. i understand as most people what the north korean mostives are and
, it can't be a crisis because the government isn't doing anything to correct it. they always know best, don't they? let's look at a two-year chart of yields and doing everything pretty much under 2% and lower than that, but here's what's interesting. open the chart up to year to date. tell you what, if you take off the ten-year on the top of the chart and show it to a technician, he's not going to be particularly bullish on this chart and it looks like yields at least for the moment technically have topped and if you look at the boon, it's an exaggerated correction off of its levels of higher yields and indeed it is leading the ways and we've seen the spread between ten-year u.s. and ten-year european boons widen to the widest level in seven, plus years. this is not investment grade and it isn't the barclays spread and this is an etf and it's very enlightening to look at it over the last couple of weeks going back to february because it's creeping up in a way that's similar to stocks. the stocks firm up and the reach for yield is firming up especially when all of that is going on with
to shoot straight and say, it's not as if our government's going to collapse tomorrow or the economy is going to collapse tomorrow if we do nothing. but it's time to quit kicking the can down the road. you know, the folks on the other side of the aisle have talked about a balanced approach. but there's nothing balanced about a budget that doesn't balance. frankly the republican proposal is a relatively modest one. we grow government by 3.5% a year over the next ten years and balance the budget to, you know, put our kids and grand kids in a better position. >> obviously a big issue is going to be medicare. congressman cartwright, i want to get you to respond to something that senator corker says he wants president obama to do. here's what he said over the weekend. >> when the president uses his bully pulpit to explain to the american people that families are only paying one-third of the cost of medicare, we will know that we've begun the process of trying to solve this problem. i hope that happens as soon as he gets back from israel. >> congressman cartwright, i know there's a lot of
$16.5 billion changing hands with the government and the country's corporations. so what, then, for cyprus? well, bank sources i spoke to said u.s. financial giants didn't do business with cypriot banks or corporations if there's any counterparty trading risk. it would likely be negligible, unless, maria, the ripple effects from what we're seeing over there tend to widen. >> all right, kayla, thanks very much. we'll be watching that, obviously. what's ahead for cyprus right now? we are right now joined by george theocoritus. good to see you. we have, george, the professor of finance at cyprus international institute of management. he'll be joining us shortly, and peter kekyanus is the chairman of the cyprus chamber of commerce. i guess it's interesting that we see this plan unveiled on monday and it really creates a market upset. are you surprised at all that parliament rejected this depositor tax? >> not at all. i mean, when you -- >> it's crazy. >> it's more than that. i think there's something more being done here and said. not necessarily verbally, but if you look at, it st
of unity today. more than just a show, because it's in the interest of both parties the karzai government and the u.s. government. for karzai to not just appear to be a leader but to actually be the leader of a functioning, independent, sovereign government on its way to being a country that can operate independent of the u.s. once combat troops are withdrawn at the end of 2014. now, they smoothed over some thorny issues here. one having to do with the transfer of bagram prison which the u.s. had run with 4,000 detainees to afghan control, complete afghan control with consultation with the u.s. to make sure high-value, high-risk detainees aren't involved in prisoner exchanges or simply released. an issue that's come to the fore in the last couple weeks, you know, karen, you've reported it, the comments karzai made two sundays ago when chuck hagel was in town basically accusing the u.s., in fact, accusing the u.s. in working in concert with the taliban against afghan interests. karzai said he is comments were misunderstood. kerry says we're beyond that, we're on the same page, inclu includ
smaller savings accounts are safe. the government will pay those with at least $130,000 in them. the country's second largest bank will also effectively shut down. experts say that could cost thousands of jobs. some european leaders were reportedly against the entire bailout because experts say cyprus is a tax haven for russian mob centers. greg palkot with the news live in cyprus' capitol city. greg? >> shep, the president of shy plus was on -- cyprus was on tv. he told fellow citizens to be calm. that could be i did. defended his actions of keeping the country out of bankruptcy and eurozone. people here and elsewhere are concerned about the high cost of that bailout and most significantly the president's most worrying that seizure of private bank assets help fund this whole thing it's true that smaller depositors were not going to be touched. the fear is if the big guys could get hit. the small guys could get hit as well. to give you an idea how fluid the situation is. most banks were supposed to reopen on tuesday. others on thursday. fox news can now confirm that all the bank
laden was captured is now anybody in the cypriot government. and i think going forward they've got watch where they're going. this is the tale of two banks, a good bank and bad bank, as medvedev said, stealing what's already been stolen so they're not going to be happy. stuart: stealing what's already been stolen. good stuff. we'll have a live report from cyprus, and show you what it's like living in a country headed for flat-out depression and coming up, the blackberry, it's been called a disappointment and that stocky tell you now is taking a hit. we're' following that at the he opening bell and we've got a guy who just said china declared war on apple. big news this monday morning and we're following all of it for you. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make
and 20 organizations own us, own the government as well, and nobody can get into politics unless somebody pays them to get there. and then they can't really represent us, can they? >> all right, thank you, fascinating conversation. fascinating conversation. i appreciate both of your points. stand by. i'll bring in a new panel on this topic, reports surfacing that jay leno will pass the torch on to jimmy fallon. but jay has got some choice words for nbc execs and thinly veiled jokes before he goes. so much to talk about. we have a new panel to discuss the late night wars. it is our super sized panel today. all right that's a fifth-floor problem... ok. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. [ male announcer ] engine light on? come to meineke now for a free code scan read and you'll say...my money. my choice. my meineke. >>> so much to talk about today. we h
to approve the deal. the cypriot government does not have to approve the deal. is that not weird it you in the biggest worry to me is the effect of this whole union of the think banking commit pep steve liesman was talking about it this morning and i think he's right. there will be people slowly moving deposits out of the higher risk countries and maybe into the u.s. and the uk, as well. here's what to look for. april 4th and that's the ecb meeting. watch what mario draghi has to say about that and that he'll make liquidity more available to banks. remember those ltros that they did about a year ago. don't be surprised that they dragged those things out again and everybody was talking about the weak top line growth. there is the company that has to be the envy for everybody looking for top line growth. their projected sales for 2014 and 10% to 12% increase and take out all of the new stores and same-store sales growth, 4% to 6% and those are really good numbers and that stock's up today sitting at a six-month high and i want to see a big welcome to people on the floor and we have ice tr
, america set out to topple saddam hussein's regime. it took less than three weeks to destroy his government, but the war that everyone thought would be short dragged on for nine bloody years. the war in iraq may have officially ended, but the costs and blood and treasure continue to haunt us. the iraq war cost more than $3 trillion. it killed nearly 4500 americans and wounded 32,000 others. it killed an estimated 114,000 iraqis. and while the death toll is a stark reminder of the cost of war, the lesson to be drawn from the last ten years remains unclear even today. joining us from new york is msnbc's rachel maddow. her book, "drift" is out now in paperback. rachel, thank you so much for joining us on such an important topic. >> sure, thanks for having me. >> you've done some great writing about war and what war means to america. i guess in thinking about all that and the writing that you've done and of course the documentary, do you think there is a lesson to be taken away from the iraq war? and if so, what is it? >> you know when we did "hubris" one of the things i thought was important t
competitor are governments that operate airlines. and the second thing is our government needs to solve the sequester problem. >> got it. well, it's interesting that you bring this up, because this is obvious the issue that's front and center for so many corporations out there, that this dysfunction in washington. but in terms of your own investing, we talked off-camera a moment ago. you bought into a mexican company. where around the world, aside from the united states, are you seeing growth and where are you investing your money? >> we have big investments in mexico. we're an owner in aeromexico and have an exclusive partnership with them. mexico is a wonderful place to do business. balanced budgets, strong gdp, low unemployment. the second place is gal airlines in brazil, the largest domestic carrier in brazil. and we're in the process of buying 49% of virgin atlantic airways, to form a giant venture across the transatlantic. >> good to have you on the program. >> you're nice to have me. appreciate it very much. >> richard anderson, ceo of delta airlines joining us today. >>> we have
, if the company is doing fine, there's no governance issues, you don't have a problem. if you've got a problem, it's time to separate the two. >> exactly. >> by the way, i forgot to wish you happy world water day. >> oh, thank you so much. and to you as well. >> thank you so much. no one has the day off, there are no hallmark cards for this day, but this is an opportunity to look at companies that are looking to conserve water and make money doing it at the same time. >> yes, it is. and bertha coombs has the story of an oil man using water no one can ever use again for fracking. bertha? >> that's right, maria. the drought in texas is now entering its third year and it's grown more severe as the water-intensive fracking boom has exploded in the lone star state. you can see the orange and the red, that's extreme drought in 90% of the state. now, a couple of oil and gas veterans think they've found a win-win solution. tiny alpha solutions is tapping into the one source of water that is growing in texas, municipal waste water. they've contracted to buy the effluent that's normally disarranged into wat
force her on a plane? >> reporter: well, they really can't. they need to -- the italian government needs to request her extradition from the united states, and there is no guarantee at this point that the united states would agree. now, and also, if this court, the italian supreme court, rules that the acquittal that took place in october of 2011 is invalid, it will have to go back to another appeals court in florence and so the timing is not at all clear at this point or the mechanics of how this would be done. now, we have been told by one of amanda knox's lawyers that they are expecting an announcement from the court within the next two hours. so we're waiting to hear what they decide. it was fairly lengthy procedure today, normally in these cases the lawyers are given half an hour, but some of them went on for more than an hour in trying to make their case. so, about two hours to wait and see. >> we'll come back to you, ben wedeman if we hear anything. i'm thinking of the victim's family, meredith kercher's family, how do they feel about a retrial? >> reporter: they want a retrial. t
and the government telling you that you lose 30% of your money. >> that woultd be a bad wake up call. so, now, check out the yahoo! finance question of the day. how are you positioning the international holdings in your portfolio? we'll bring you the results later in the show. let's go to josh with the market flash. >> check out thetanking now. the analysts saying that they are gaining on check point. conversations indicate a marketed increase in share losses in the past several months. sue, back to you. >> thank you very much. it's risk off today. we're off 116 points right now on the dow jones industrial average. moments from now ben bernanke will address a group of top policymakers in london. investors will watch for any and all signs and perhaps some comments on what's going on in europe, too. steve describes what is on top of the agenda today. clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office
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